Personally tested
Data-driven
Independent
Overview of SoFi Invest fees and charges
When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.
If fees are your top concern, SoFi Invest is a good choice, as it has low fees in general. Check our toplist for cheaper brokers.
I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how SoFi Invest fared:
- SoFi Invest charges low fees for trading stocks and ETFs.
- There is no inactivity fee even if you leave your account idle for a long time.
- The basic withdrawal fee is $0, but some transactions may cost more.
- Read our full review of SoFi Invest for info on safety, trading platforms and funding.
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | $0 per trade |
| EURUSD fee | - | FX not available |
| US tech fund fee | - | Not available |
| Inactivity fee | Low | No inactivity fee |
Commission-free stock and ETF trading
|
US stock
|
$0.0
|
$0.0
|
$0.0
|
|---|
Confused about fees? Use this tool to see what the commission fee of a specific stock trade would be at SoFi Invest. To check and compare fees at other brokers, go to our main Fee calculator page.
Before doing so, check out our Privacy Policy and our General Terms and Conditions.
Average margin rates
|
USD margin rate
|
10.0%
|
8.5%
|
12.0%
|
|---|
No inactivity fee, no withdrawal fee
There is no inactivity fee and no fee for ACH withdrawals.
| Broker | Inactivity fee | Withdrawal fee |
|---|---|---|
| SoFi Invest | $0 | |
| Alpaca Trading | $0 | |
| Robinhood | $0 |
Interest on cash balances
While you cannot earn interest on your uninvested cash on your SoFi Invest account, you can open a separate savings account at SoFi, where you will receive up to 4.60% APY on your savings (data as of December 12, 2023).
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
